Seller's Contact Information
- RE: Customized Bar Stools And Household Furniture
- Contact: Roberta Caputo
Quick Facts
| Asking Price: | $450,000 | |
| Annual Revenue: | $4,000,000 | |
| Net Profit: | $152,000 | |
| Cash Flow: | $152,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $28,450 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2023 | |
| Employees: | 1 | |
| BBN Listing #: | 944606 | |
| Broker Reference #: | 3874 |
Business Overview:
Boca Raton’s Luxury Barstool Boutique. Since 2000, this business has specialized in the finest customizable, handcrafted barstools, for the great room and the summer patio, as well as chairs, tables, and bars.
The current owner automated the business model, store is operated as owner absentee with 1 F/T manager. The owner invested over $90K to transition to an automated model.
The store carries a variety of styles, from stools imported from Italy to classic-styled, traditional old-world stools that are beautiful in cherry, oak, mahogany, and maple.
The company carries furniture from electric art to wine racks. Retail showroom store lets the customer browse the limitless models of bar stools possibilities, made to your desire.
Extensive city selection, reasonable pricing with small-town personalized service with a smile. It has hundreds of designer fabrics, vinyl, and leathers available with finishes and heights to meet the customers’ needs and specifications.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
"Economic conditions are expected to improve as the economy recovers from high consumer uncertainty and inflation. As disposable income grows and consumers become more confident, they are more likely to buy big-ticket items, such as furniture. Traditional retailers will continue to focus on customer service, brand awareness and financing capabilities to differentiate themselves from external competitors, supporting industry performance. These factors will cause the industry to expand at an estimated CAGR of 1.6% to $138.9 billion over the five years to 2028."(Source: IBISWorld Executive Summary) "The industry is tied to the housing market. Online retailers have siphoned revenue away from the industry. Furniture stores shifted their business models to withstand consumer spending changes. Expected increases in consumer confidence will likely boost revenue growth. Demand for furniture in the residential market will likely grow. Companies are expected to focus on providing customer service.
Market Competition and Expansion:
"The Furniture Stores industry primarily sell household, outdoor and office furniture, including living room, dining room and bedroom furniture, as well as home office goods, lamps, recliners, rugs and outdoor furniture. Furniture stores benefited from a strong residential market. The 2020 pandemic resulted in historically high disposable income and pushed down interest rates to nearly 0.0%, boosting the residential sector. As consumers grew confident in the economy, they purchased and built homes, supporting furniture sales. However, growing inflation and interest rates led to consumer grown at an estimated CAGR of 1.6% to $128.3 billion over the five years to 2023, including a 1.6% dip in 2023 alone.
Reason for Selling:
Moving
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
Here are some of the similar listings you can choose from
Asking Price: $150,000Custom Cabinet Shop
Selling cabinet shop. Ideal for start up business. Fully functioning shop with office space, all set up and ready to go. Recently moved our 40 year old business to Arizona and now retiring. Priced to sell.
